Small Motor Market

Small Motor Market Outlook (2023 to 2033)

Worldwide sales of small motors in 2023 are estimated at US$ 11.3 billion and are projected to reach US$ 13.78 billion by the end of 2033. As revealed by Fact.MR, the global small motor market is forecasted to expand at 2% CAGR over the next ten years (2023 to 2033).

Small motors are just compact versions of full-sized motors with a lower capacity and torque. However, advancements in technology have made these small motors incredibly powerful in recent years and they are expected to match the capabilities of full-sized motors in a much more compact form.

Low power consumption and cost-effective nature are the prime small motor benefits that are promulgating their sales across the world in different applications. The surging adoption of automation in different industries is also projected to uplift shipments of small motors as they are compliant with automation standards.

Increasing preference for compact devices among consumers around the world and the rising popularity of the electronics miniaturization trend are also extrapolated to favor small motor market development in the long run. Low replacement costs, high efficiency, and longer lifespan are some other pros of opting for small motors that could bolster market growth over the coming years.

Growing investments in research and development of novel motor technologies are also projected to open up new avenues of opportunities for small motor producers across the study period and beyond. Surging sales of small motors are also slated to favor demand for small motor accessories, small motor parts, and small motor repair and replacement services in the future.

• In 2023, researchers at MIT (Massachusetts Institute of Technology) revealed that they were working on a new type of megawatt electric motor to revolutionize the future of aviation as the airline industry focuses on reducing its carbon footprint.

On the flip side, fluctuations in raw material pricing and the imposition of stringent regulations on the import and export of industrial goods are projected to be key challenges that small motor companies will have to overcome over the next ten years to improve their business potential.

Report Attributes	Details
Small Motor Market Size (2023)	US$ 11.3 Billion
Projected Market Value (2033F)	US$ 13.78 Billion
Global Market Growth Rate (2023 to 2033)	2% CAGR
Revenue Share of DC Supply Source (2033F)	>60%
Key Companies Profiled	Bosch Rexroth AG Siemens AG Electrocraft Inc. Moons Industries America Inc. NIDEC Corp. Johnson Electric Holdings Limited MinebeaMitsumi Inc. Schneider Electric SE Shinano Kenshi Co. Ltd. ABB Ltd. AMETEK Inc. Toshiba Corporation

How Can Start-ups Gain Ground in the Small Motor Market?

“Electrification of All Industry Verticals Offering Bankable Opportunities for New Companies”

Imaginginiing an all-electric world without motors of all shapes and sizes could be a difficult task since motors are essentially used in almost all types of electronic devices on some level from development in factories to use in the hands of consumers. Electrification of different industry verticals to promote sustainability is creating a highly remunerative business scope for incoming small motor providers.

• In March 2023, Kite Magnetics, a new company from Melbourne, Australia focusing on electrification in the aerospace industry, announced the launch of its new 120kW electric motor at the Avalon Air Show. The new motor is compact and lightweight intended to extend the range of electric aircraft.
• In December 2022, Foxtini, an Indian electric motor engineering company that has successfully commercialized the Axial Flux BLDC electric motor, announced that it was expanding in European markets. The company had bagged an export order from Arihant s.r.l, a cleaning machine manufacturer based in Italy.
• In May 2021, EVR Motors, an Israeli motor start-up unveiled its novel compact and lightweight electric motor. The new product was based on TSRF (Trapezoidal Stator Radial Flux), a patented topology by EVR Motors.

Learn more about how start-ups can learn more about aspects such as local supply, pricing trends, product standards, safety regulations, and new developments in this small motor market research analysis by skilled analysts at Fact.MR, a market research and competitive intelligence provider.

Country-wise Insights

North American and European countries are projected to remain highly profitable markets in the world but small motor suppliers looking to diversify their business across the world should invest in Asian countries.

Why Should Small Motor Companies Focus on China?

“Surging Demand for Small Motors for Different Applications”

China has emerged as a leading manufacturing hub in the Asian part of the world and continual efforts of the Chinese government to bolster its manufacturing activity are projected to help it maintain its lead in the Asian region. The surging use of small motors in consumer electronics and consumer appliances is forecasted to present a good opportunity for small motor distributors in China over the next ten years and beyond.

Increasing investments in healthcare infrastructure development are also slated to boost demand for different surgical tools and equipment powered by small motors, which could create new opportunities for small motor suppliers through 2033.

What Makes Germany a Bankable Market for Small Motor Companies?

“High Demand for Electric Motors from Automotive Industry”

Small motors are extensively used in a vehicle for various purposes and this is projected to be a key factor in promoting small motor sales in Germany as the country is a hub for automotive manufacturing in the European region. The presence of key automotive giants such as Audi, BMW, and Volkswagen is also forecasted to benefit market growth in the country going forward.

Use of small motors to operate power windows, windshield wipers, electric seats, and other components in a vehicle is predicted to augment demand growth in Germany across the study period. Small motor suppliers in the country are focusing on product innovation to expand the scope of application for small motors.

• In September 2023, ZF Friedrichshafen AG, a renowned supplier of different systems for vehicles and industrial applications, developed a new type of electric motor without magnets. The new motor transmits the energy of a magnetic field through an inductive exciter present inside the rotor shaft making it different from other concepts of separately excited synchronous motors (SESMs).

How Opportune is the United States Market for Small Motor Companies?

“High Popularity of DIY Trend Creating New Market Growth Opportunities”

The DIY (do-it-yourself) trend has been gaining massive popularity in the United States and is projected to be a key contributor to small motor sales in the country going forward. As more people opt for DIY projects, the demand for power tools using small motors is also estimated to surge thereby driving market growth over the coming years.

Surging spending on consumer electronics and the rising use of small motors in HVAC systems are also forecasted to bolster shipments of small motors in the United States throughout the forecast period and beyond.

Category-wise Insights

Small motor companies are focusing on supplying small motors for consumer electronics as their sales soar high in all parts of the world owing to increasing urbanization and digitization.

Which Industry Widely Uses Small Motors?

“Majority of Small Motors to Be Used in Consumer Electronics”

The demand for consumer electronics has skyrocketed around the world in recent years, particularly in developing economies where increasing disposable income of middle-class consumers has been driving sales of various gadgets including TVs, tablets, smartphones, smartwatches, and wearables. The use of small motors in some capacity in all of the aforementioned consumer electronics is projected to favor demand in the future.

Competitive Landscape

Small motor manufacturers are focusing on developing and launching new motors with advanced capabilities and better power to enhance their sales potential.

• In July 2023, Delta Line, a renowned supplier of motion technology and solutions, announced the launch of a new portfolio of Brushed Permanent Magnet DC motors with high torque capacity. The motors are available in 3 sizes namely 63DI, 42DI, and 52DI.
• In April 2023, Portescap, a leading name in miniature motor manufacturing, announced the launch of a new brushless DC motor for use in surgical hand tools. 30ECA64 Ultra EC is available in cannulated as well as non-cannulated options.

Small motor vendors are also focusing on supplying products for specific applications to improve revenue generation and gain a competitive edge over other market players.

• In November 2021, Maxon Motors, a Swiss manufacturer and distributor of precision motor systems, announced the launch of its new frameless motor range. The ECX flat motors are suitable for a wide range of robotics applications and other uses.

Key Segments of Small Motor Market Research

• By Product Type :

  • DC Brush Motors (Cored)
  • DC Brush Motors (Coreless)
  • Vibration Motors
  • Brushless DC Motors
  • PM Stepper Motors
  • HB Stepper Motors
  • DC Axial Fans
  • AC Induction Motors

• By Supply Source :

  • AC
  • DC

• By Application :

  • Industrial Drives
  • Consumer Electronics
  • Consumer Appliances
  • Aerospace
  • Healthcare
  • HVAC
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa